Civic Bank & Trust (TN) Debuts 21-Month CD Special (2.10% APY)

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Deal Summary: 21-Month CD Special, 2.10% APY, $1k minimum deposit, unlimited additional deposits in multiples of $1k can be added throughout the term.

Availability: Market area is Middle Tennessee.

At the beginning of the week, Civic Bank & Trust (Civic Bank) added a 21-Month CD Special (2.10% APY). The minimum opening deposit is $1k, with no stated balance cap. According to CSR, the CD Special is available at least through the end of the month, but there is no guarantee it will be available beyond that point.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.10%$1k-Civic Bank & Trust21 Month CD Special
Accounts mentioned in this post. Rates as of September 22, 2017.

Civic Bank offers an add-on option for all of its CDs. As stated on the Interest Rates page,

Add to your CD anytime in multiples of $1,000 and keep the same rate and the same term.

According to CSR, the Early Withdrawal Penalty (EWP) for the 21-month CD Special is six months of interest. CSR also stated that the principal “would not be invaded” in the event a withdrawal is done before the initial six months have passed.

Civic Elite Checking

The Civic Elite Checking used to be a good deal for reward checking accounts. In 2011, the account earned 3.30% APY on qualifying balances up to $30k. Now the account earns 1.35% APY on qualifying balances up to $30k, with qualifying balances of $30k+ earning 0.30% APY.

Qualifying Requirements

  • At least one direct deposit or ACH auto debit per statement cycle.
  • At least ten debit card transactions per statement cycle.
  • Be enrolled in e-Statements.
  • Log into online banking at least once per statement cycle.

There is a $20 service charge if the account balance falls below $1k, but “the charge is rebated if the average balance for the cycle is $10,000 or greater.” The Civic Elite Checking also offers two free stop payments annually, six free domestic wire transfers annually, and a $25 discount on the first year’s rent for a safe deposit box.

Availability

Headquartered in Nashville, Tennessee, Civic Bank & Trust offers its product line and services to the residents of Middle Tennessee.

Opening a CD Special can be done at either of the two Tennessee branches located in Brentwood and Nashville. CSR stated that once a relationship has been established with the Bank, accounts can be opened over the phone.

Civic Bank’s online banking platform is currently limited to account management and bill payment services.

Bank Overview

Civic Bank & Trust has an overall health rating of "A+" at DepositAccounts.com, with a Texas Ratio of 0.00% (excellent, and not a typo), based on June 30, 2017 data. In the past year, the Bank has increased its total non-brokered deposits by $4.25 million, an excellent annual growth rate of 3.72%. Please refer to our financial overview of Civic Bank & Trust (FDIC Certificate # 58040) for more details.

Established in 2005, Civic Bank & Trust is a community bank founded by a group of Middle Tennessee business owners and bankers. The Bank opened its doors during a spate of local community bank openings, following a series of bank mergers that resulted in a lack of smaller banks in the marketplace. Ironically in late 2015, Franklin Synergy Bank announced the signing of a definitive agreement to acquire Civic Bank. Following several delays due to additional regulatory scrutiny of Franklin Synergy Bank, a closing date of September 30, 2016 was set, but there are no announcements on either bank’s website.

How the CD Special Compares

When compared to the 235 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available within the Bank’s market area, Civic Bank & Trust’s 21-month CD Special APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
2.10% APY21-Month CD SpecialCivic Bank & Trust
2.00% APY25-Month CDUSALLIANCE Financial
1.91% APY25-Month Special CDVeridian Credit Union

The above rates are accurate as of 9/13/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our Rates Map page.

Related Pages: Nashville CD rates, 1-year CD rates

Comments
Top 18-month CD Rate at Civic Bank & Trust in Nashville - Local Only

In today's rate environment, it's rare when a bank increases a deposit account rate. That happened at Civic Bank & Trust which has a very competitive 18-month CD special. It has a 1.50% APY which is up from 1.40% APY when I last reported on this in April. Minimum deposit is $5,000. One nice feature of this CD is that you are allowed to add to the CD anytime in multiples of $1,000. There is also a special 10-month CD, but it has a much less competitive yield of 0.90%....

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High-Yield Reward Checking Account at Civic Bank & Trust in Tennessee - Local Only

If you're looking for a high-yield checking account in Tennessee, there's a good deal at Civic Bank & Trust. Its reward checking is called Civic Elite Checking, and it offers the following rates and features as of 4/14/2011:

  • 3.30% APY on balances up to $30,000
  • 0.75% APY on portion of balance over $30,000

Monthly requirements to qualify for these yields include:

  • 10 debit card purchases
  • 1 direct deposit or ACH auto debit
  • Access account via online banking
  • e-Statements

Unlike most reward checking, this account has a $20 monthly fee if a $1,000 minimum balance is not met.

The bank...

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March Madness 2-Year CD Special with a Top Rate at Civic Bank & Trust in TN - Local Only

I reported on one March Madness CD two weeks ago from a New York credit union. Here's another one from a Nashville bank. Civic Bank & Trust is offering a March Madness CD special with a 2.00% APY for a 2-year term. Unlike the New York CD, you can't get a higher rate by picking the right teams. The yield is fixed at 2.00% APY which is very competitive for a 2-year term. In addition, the bank allows add-on deposits to CDs anytime in multiples of $1,000. Minimum deposit is...

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3.00% 19-Month & 2.75% 9-Month Add-On CDs at Civic Bank & Trust In Tennessee
Civic Bank & Trust is offering two competitive CD rates: a 3.00% APY 19-month CD and a 2.75% APY 9-month CD. The 19-month CD has a $10K minimum and the 9-month CD has a $5K minimum deposit. There's also a 33-month variable CD with a 3.35% APY. These rates are listed at the bank's rate table as of 4/12/09.

All of the bank's CDs have an add-on option. At the top of the rate table, it describes this add-in option: "Add to your CD anytime in multiples of $1,000 and keep...

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